First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Decline in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,400 shares, a decline of 54.8% from the January 31st total of 3,100 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of NASDAQ:FLN traded up $0.05 during midday trading on Monday, hitting $16.55. The company had a trading volume of 3,654 shares, compared to its average volume of 11,251. The company has a market cap of $10.76 million, a price-to-earnings ratio of 8.06 and a beta of 1.21. The company has a fifty day moving average of $16.14 and a two-hundred day moving average of $16.98. First Trust Latin America AlphaDEX Fund has a 12-month low of $15.03 and a 12-month high of $21.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Headland Capital LLC bought a new position in First Trust Latin America AlphaDEX Fund in the 4th quarter worth $3,091,000. Jane Street Group LLC grew its position in shares of First Trust Latin America AlphaDEX Fund by 27.7% during the third quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock worth $1,246,000 after purchasing an additional 14,960 shares in the last quarter. Cetera Investment Advisers bought a new stake in First Trust Latin America AlphaDEX Fund during the 4th quarter valued at approximately $163,000. Cottonwood Capital Advisors LLC lifted its holdings in First Trust Latin America AlphaDEX Fund by 53.3% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock worth $503,000 after purchasing an additional 9,703 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in First Trust Latin America AlphaDEX Fund by 225.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 8,544 shares of the company’s stock valued at $130,000 after buying an additional 5,916 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Company Profile

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.